Shares of Nordstrom Inc. tumbled 6.2% in premarket trade Monday, putting it on track to open at a 4-month low, after the company said it has suspended the exploration of a going-private transaction until after the holiday season. That confirms a report in the New York Post earlier this month, that said going-private talks had faltered. The department store chain said Monday said it would evaluate any going-private proposal after the holiday season. The stock had dropped 9.5% since the Post story came out through Friday, while the SPDR S&P Retail ETF had lost 4.2% and the Dow Jones Industrial Average had gained 2.1%.
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